A Tribeca Area Fact File South East Queensland Focus Area: Brisbane - Gold Coast Corridor South East Queensland Focus Area: Brisbane - Gold Coast Corridor
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02 A TRIBECA AREA FACT FILE SOUTH EAST QUEENSLAND FOCUS AREA: BRISBANE - GOLD COAST CORRIDOR SOUTH EAST QUEENSLAND FOCUS AREA: BRISBANE - GOLD COAST CORRIDOR DISCLAIMER This Report has been created by The Capital Group (Aust) Pty Transport and Main Roads, QLD Government – QLD Treasury, Ltd, ABN 58137410845, and commissioned by Tribeca Capital QLD Government - South East Queensland Regional Plan, QLD Pty Limited. Government – Department of Infrastructure, Local Government and Planning. The Parties* making this report available to you give no warranty nor accept any liability for any decision based wholly or in part The information in this publication does not represent financial on this report, such as any decision to invest in, to buy or not buy advise and should not be regarded as such. This study has property described herein. been prepared for the sole use of Tribeca and is not to be relied upon by any third party without specific arrival from Tribeca. The Parties believe the statements, information, calculations, No part of this document may in any form or by any means data and graphs contained herein to be correct and not (electronic, mechanical, photocopying, recording or otherwise) misleading but give no warranty in relation thereto and expressly be reproduced, stored or transmitted without prior permission. disclaim any liability for any loss or damage which may arise from *Parties means Tribeca Capital Pty Ltd, Tribeca Homes Pty Ltd, any person acting or deciding not to act partly or wholly on the Tribeca Homes (Vic) Pty Ltd, Tribeca Residential Communities basis of any such statements, information, recommendations, Pty Ltd, Elliots Pun Pty Ltd, Tribeca Residential Communities No. calculations, data or graphs as at November 2018. The facts 1-14 Pty Ltd and The Capital Group Pty Ltd, their customers and in this report are obtained from various sources, government clients, and the customers and clients representatives. organisations and private organisations: Australian Bureau of Statistics, SQM Research, Residex, RP Data, Logan City Council, Tribeca Capital Pty Ltd and Homes Pty Ltd. City of Gold Coast, G;link, QLD Government – Department of Building Licence Number: 1137696 ABN: 21151370160 ENQUIRIES SHOULD BE ADDRESSED TO THE PUBLISHERS. © COPYRIGHT 2016. PUBLISHED NOVEMBER 2018. GROWTH CENTRE PLANNING SOUTH EAST QUEENSLAND GROWTH CENTRE Precinct Planning - August 2014: FACT COOMERA STATION TO BRISBANE CBD IN UNDER ONE HOUR. Sunshine TRAIN LINE Coast Brisbane CBD Stn Somerset Moreton Bay Springwood Stn Brisbane Ormeau Stn Lockyer Valley Redland Ipswich Ormeau Pimpama Stn Pimpama Logan Coomera Coomera Stn N Gold Scenic Coast Rim Robina Town Centre Stn STATUS Coolangatta Stn Suburb of Interest Gold Coast/Logan Growth Centre South East Queensland City Train line This is a Tribeca Capital Pty Ltd publication. AREA PROFILE This report encompasses the South East Queensland AREA growth precinct of the northern Gold Coast and Logan region. Specifically, the demographic and property data concerns only that of Coomera. Surrounding suburbs PROFILE: include Pimpama, Ormeau, Chambers Flat, Logan Village, Springfield and Redbank Plains. AREA: SOUTH EAST QUEENSLAND BRISBANE Ipswich Springeld Chambers Flat Logan Village Redbank Plains Ormeau LOGAN CITY Pimpama Coomera GOLD COAST Surfers Paradise SUBURBS: • COOMERA • PIMPAMA • ORMEAU • CHAMBERS FLAT • LOGAN VILLAGE • SPRINGFIELD • REDBANK PLAINS This is a Tribeca Capital Pty Ltd publication. INTRODUCTION SOUTH EAST QUEENSLAND Coomera and the surrounding area. The growth region surrounding Coomera is located in the northern part of Queensland’s Gold Coast and the broader Logan City local government area, approximately 30-40 minutes’ drive from the Brisbane CBD and only 15 minutes’ drive to Southport, the major commercial hub of the Gold Coast. Currently home to approximately 912,000 people, Some areas within the region are experiencing the region (Logan LGA & Gold Coast LGA) covers an double-digit growth. Pimpama grew by a rate area of approximately 2,292 square kilometres. of 31% in 2016/2017 and Coomera by 10% in 2016/2017, compared with Brisbane’s growth In recent years the region has transitioned from an rate of only 1.7%. economic base of tourism and construction to a more diverse, knowledge-based economy valued A number of significant civil projects and at $25.2 billion. The region still welcomes close to infrastructure projects are currently being 12 million visitors each year who spend close to planned to manage the forecast increase in $1.2 billion per annum. population. The region is one of the fastest growing regions in Queensland. Both the municipality of Logan and FACT the municipality of the Gold Coast are expected to grow by 200,000 and 300,000 people respectively. THE REGION IS BECOMING AN INCREASINGLY POPULAR Over 130,000 new homes will be required to DESTINATION FOR RESIDENTIAL PROPERTY INVESTMENT accommodate this growth in the Gold Coast AND OVER 130,000 NEW HOMES WILL BE REQUIRED municipality alone. TO ACCOMMODATE THIS GROWTH IN THE GOLD COAST MUNICIPALITY ALONE. This is a Tribeca Capital Pty Ltd publication. DEMOGRAPHIC OVERVIEW OF COOMERA Age Breakdown Household Structure COUPLE WITH CHILDREN 26.5% CHILDLESS COUPLE 28.9% SINGLE PARENTS 52.5% OTHER 17.7% 20% 15.5% 14.6% 12.2% 1% FACT 6.3% Of the suburb consists of families with children and childless couples 3.6% % meaning the overwhelming majority 1.1% of dwellings are detached housing – 79 refer dwelling breakdown. 0-14 15-24 25-34 35-44 45-54 55-64 65-74 75+ YRS YRS YRS YRS YRS YRS YRS YRS DWELLING & INCOME FACTS Dwelling Breakdown Income $1,756 BY TENURE / LANDLORD BY TYPE (AUD$/WEEK) $1,711 (AUD$/WEEK) 2% 8% 3% $746 (AUD$/WEEK) 26% MEDIAN PERSONAL MEDIAN FAMILY MEDIAN HOUSEHOLD 29% 61% (Family income = income of families in family household. 71% Household income = income of occupied private dwellings) FACT Median weekly incomes are slightly higher RENTED SEPARATE HOUSE than greater Brisbane, reflecting the WITH MORTGAGE SEMI - DETACHED relatively high level (43%) of employment in OWN FLAT, UNIT traditionally white-collar industries. OTHER OR APARTMENT FACT Employment Type By tenure/landlord and type – the suburb is dominated by low density detached housing MANAGERS (71% of stock). A large majority (61%) of the 13% 10% PROFESSIONALS housing stock is rented, reflecting a very strong 6% 13% TECHNICIANS / leasing market for investment property. TRADE WORKERS 14% COMMUNITY / 16% PERSONAL SERVICE 12% 16% CLERICAL / ADMINISTRATIVE MACHINERY OPERATORS SALES WORKERS LABOURERS This is a Tribeca Capital Pty Ltd publication. SOURCE: ABS - 2016 CENSUS DATA. LOCAL AMENITIES The South East Queensland growth corridor SURROUNDING already enjoys excellent access to public transport, major arterial roads and freeways as INFRASTRUCTURE well as a wealth of local education, healthcare Excellent Local Amenities and retail amenity. RETAIL AMENITY EDUCATIONAL The area is serviced by AND HEALTHCARE AMENITY major regional shopping The area is served by over precincts such as Australia 50 primary schools, over 20 Fair, Pacific Fair, Harbour secondary schools and over 20 Town, Westfield Helensvale combined primary/secondary and the brand new Westfield schools as well as three - 50 PRIMARY SCHOOLS Coomera. A number of University campuses and a A BRAND NEW $470 MILLION smaller satellite precincts - 20 SECONDARY SCHOOLS number of local TAFE campuses. WESTFIELD HAS RECENTLY including Pimpama Major hospitals include the Gold OPENED IN 2018 - 20+ COMBINED SCHOOLS City, Pimpama Junction - 3 UNIVERSITY CAMPUSES Coast University Hospital and and Coomera Square also Logan Hospital. service the area. - NUMEROUS TAFE CAMPUSES SEQ RAIL LINE PARKLANDS AND The South East Queensland RECREATIONAL FACILITIES rail line connects the precinct Residents not only enjoy access to employment opportunities to 57 kilometres of pristine in the Brisbane CBD and coastline, a large number of Southern Brisbane fringe parklands and sporting facilities suburbs. Commuters can but also a number of major transit from Coomera Station national recreational attractions, COMMUTE FROM COOMERA - 57KM OF PRISTINE COASTLINE STATION TO ROMA STREET to Roma Street Station, including Dreamworld and STATION WITHIN AN HOUR in the Brisbane CBD in - 2 WORLD CLASS GOLF COURSES Movieworld and the world class approximately one hour. - DREAMWORLD & MOVIEWORLD golf courses of Sanctuary Cove and Hope Island. - LIVE ENTERTAINMENT - PERFORMING ARTS Home of the Arts (HOTA) on GOLD COAST LIGHT RAIL - 6 LEVEL EXHIBITION GALLERY the Gold Coast hosts musical The Gold Coast light rail (G:link) events, theatre, dance, comedy, opened in 2014 and the initial opera, cabaret and kids shows. stage connected 16 light rail In addition to the arts centre, a stations along a 13 kilometre Gallery positioned to become a route from Broadbeach to Gold cultural attraction in the region Coast University Hospital. is currently under construction. The recently completed stage This international-standard art 19 LIGHT RAIL STATIONS 2, extends another 7.3km to gallery will comprise of 3000m2 Helensvale with 3 new stations of exhibition space over six levels, constructed. retail space and a dining area, due to open in 2021. This is a Tribeca Capital Pty Ltd publication. LOCAL AREA MAP Sunshine Coast Somerset Moreton Bay M1 Brisbane Airport BRISBANE ii M2 Lockyer Valley 4 Redland Ipswich B 3 Pimpama Park C Ridge Coomera G Logan Village 4 H D 6 2 A 5 Helensvale 3 1 i F Southport 2 Scenic Rim E Surfers Paradise R13 GOLD